Nirmala Sitharaman to lead Indian delegation to St. Petersburg

New Delhi : Commerce Minister Nirmala Sitharaman will lead an Indian delegation for the St. Petersburg International Economic Forum (SPIEF) 2015, to be held at St. Petersburg between June 18-20, a Confederation of Indian Industry (CII) statement said.

She will address the Russia-India Business Roundtable, where Alexey Ulyukaev, minister for economic development of the Russian Federation, will also be a speaker.

The CII will send a CEOs delegation representing leading Indian businesses at SPIEF and at the India-Russia Business Roundtable.

The business delegation will be led by CII president Sumit Mazumder. The members will also participate in the B20 Turkey Regional Consultation Forum.

India has invested a cumulative $8 billion in Russia, primarily in energy sector, while Russia has brought in $4 billion into India.

”Russian capabilities in infrastructure are well respected, and we would like Russian companies to participate in the Indian tender system for public-private partnerships,” CII director general Chandrajit Banerjee said.

”However, we need to address issues of information gaps through the India-Russia Business Roundtable,” he added.